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In: Economics
Ok, I’ve read some articles, all the answers here and I think I pretty much understand all of this except for one thing…
What exactly does link the NFT to the actual object / thing / bits that it is representing? Nothing, right?
It is just an agreement between humans that this NFT is for this .JPEG? A purchase contract of a sort?
But the .JPEG is by its very nature completely fungible, because that is how computers work. No set of bits ever gets really moved or is original. It is all just copy of a copy of a copy… Sot here is no possible link between the NFT and the so called “original”. There is just the “NFT” and that is the thing by itself?
And considering the above this means that someone can produce an infinite number of NFTs for the same .JPEG..?
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